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This blog provides real estate news, opinions, infrastructure updates, statistics and general urban living events and interests
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4th of July Celebrations
Posted at 1:57 PM on Jul. 2, 2008
In San Diego there is never a lack of events on the 4th of July. Fireworks line the Harbor and bay and numerous other San Diego spots. What are you doing? Not sure yet? Here’s a list of San Diego 4th of July events close to downtown.
North County
Carlsbad
Legoland’s Red, White and Boom
Where: Legoland
1 Lego Drive
When: July 4 Fireworks begin at 9 p.m.
Regular park admission applies, though non-park guests are welcome to view fireworks from the parking lot for $2 after 7 p.m.
Del Mar
County Fair Fourth of July
Where: Del Mar Fairgrounds
2260 Jimmy Durante Boulevard
When: Gates to the fair open at 10 a.m. with July 4 fireworks at 9 p.m. Enjoy the food and game booths, a petting zoo, and carnival rides!
Encinitas
Community Celebration
Where: Cottonwood Creek Park
Vulcan Avenue and Encinitas Boulevard
When: July 4, 9 a.m. to 11:30 a.m.
Come for games, the national anthem, and a pancake breakfast!
Quail Botanical Gardens’ Red, White, and Blue Parade
Where: Quail Botanical Gardens
230 Quail Gardens Drive, Encinitas
When: Parade through the children’s’ garden begins at 10 a.m.
CENTRAL
Coronado
Celebrate the Fourth in Coronado
Where: See the parade along Orange Avenue
When: The annual July 4 Parade begins at 10 a.m. Don’t miss the fireworks from Coronado’s picturesque ferry landing or Glorietta Bay Park at 9 p.m.
La Jolla
La Jolla’s ‘Lights Over the Cove’
Where: Scripps Park, La Jolla Cove
1100 block of Coast Boulevard
When: The July 4 free concert at the sea begins at 7 p.m. Stay for the fireworks at 9 p.m.!
Mission Bay
Independence Day at Sea World
Where: Sea World
500 Sea World Dive
When: July 4 fireworks begin at 9:30 p.m.
Come for all the fun of Sea World and stay for the fireworks show!
Old Town
Old Town State Historic Park’s 1800s Fourth of July Celebration
Where: San Diego Avenue & Twiggs Street
When: July 4 fun goes from 11 a.m. to 4 p.m.
Festivities include a pie eating contest, races, egg tosses, and a parade with historical costumes.
San Diego Bay
BBQ on the Berkeley
Where: Maritime Museum of San Diego
1492 N. Harbor Drive
When: July 4 BBQ buffet starts at 7 p.m. and the fireworks on the bay begin at 9 p.m.
Come and enjoy a barbeque buffet on the historic ship! Adult admission is $40, children 10 and under pay $20, and kids four and under are free!
San Diego’s ‘Big Bay’ Fireworks
Where: North San Diego Bay
When: July 4’s 20-minute-long fireworks show begins at 9 p.m. Tune in to radio station Magic 92.5 to hear music and accompaniment to the fireworks!
Seaport Village
Where: 849 W. Harbor Drive
When: See the free Latin World Beat concert from Noon to 4 p.m. but stay for the fireworks off the bay at 9 p.m.!
Midway Museum
Where: 910 N. Harbor Drive, San Diego
When: On July 4, the flight deck opens at 6 p.m. for games, booths, and contests and the fireworks off the bay begin at 9 p.m.
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Motormouths Beware
Posted at 1:56 PM on Jul. 2, 2008
Alright, many of us have our ear glued to our cell phones throughout the day, some of our jobs even revolve around it. Seems we can do everything while talking on them. Changing, eating, bathing…but after July 1st, driving is out, well kind of. Many residents across San Diego County are rushing to buy hands-free headsets or speakerphones as the state prepares to take on motormouthed motorists. Starting July 1, drivers must use a hands-free device while talking on a cell phone or risk getting a minimum $97 fine. Motorists younger than 18 will be prohibited from using cell phones entirely, hands-free or otherwise, along with pagers, laptops and text-messaging devices. This should be interesting considering much of that generation seemed to own a cell phone before learning how to ride a bike. The San Diego Police Department plans to give drivers a 30-day grace period starting July 1,but several other agencies, including the CHP, are preparing to issue tickets from Day One. Adult drivers can still dial a phone number by hand, but all talking must be via headset or speaker. Under both new laws, handheld emergency calls can still be made to police, fire or medical authorities. Patrol officers will be allowed to stop motorists just on a phone violation.
Just a friendly reminder:)
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Free Your Mind
Posted at 1:55 PM on Jul. 2, 2008
Living in the city is a blast. There is never a dull moment between Padre Games, nightlife and the constant movement that an urban life provides. Between work and city play many of us city-dwellers may find it necessary for some R-and-R. Yoga is a great way to slow down, stretch our work-day stagnant muscles and clear the mind. But man, Yoga can become costly, $25 per class for many studios, and that adds up when you want a daily fix. Meditation is also a great way to become focused and clear, often a challenge in busy city life, but where and how? Tucked right on the edge of the Gaslamp Quarter and Marina District is a secret place that won’t be secret for long.
The Red Lotus Society is a non-profit organization founded to ‘promote the practice and awareness of meditation for the improvement of mental health and environmental wellbeing.’ They are dedicated to ‘facilitating instruction in the variety of ancient and modern meditation techniques to combat the stress and pressure of modern living, and to encourage more mindful approaches to the social and environmental problems facing the world today.’
They just opened in a new location at 540 3rd Avenue in downtown San Diego. Every morning they offer free…yes, free Yoga classes and meditation, as well as many other mindful and mind-clearing activities. Check out their schedule below.

The Red Lotus Society has numerous outreach programs and even family meditation classes.
They promote the practice and awareness of meditation through Outreach Programs, offering Free Meditation/Yoga Classes at San Diego Public and Private Schools (K-12), San Diego State University, Group Homes for victims of Domestic Violence and Human Trafficking, Local Businesses, and Prisons.
This is a great organization, really involved in the growth of our community, I recommend checking them out. Visit their website and read about what their mission is, more about their free classes and how you can help. They are also in the process of completing a tea room and library, a sanctuary in the city, so -to- say.
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Higher Gas Prices Mean More Urban Development
Posted at 1:54 PM on Jul. 2, 2008

I thought that it would be appropriate to write a blog on gas prices and urban development as the price of oil jumped today to an unbelievable $140 a barrel. Many experts predict that gas prices will continue to rise throughout the rest of the year. If the price of a barrel of oil hits $150, a per gallon price could be as much as $7.00. The continued increase in gas and the strain it is putting on a commuters cash flow will cause many to reconsider how far they live from work, and how often they use public transportation alternatives. Experts predict that we will see this trend all over the United States for possibly the next 50 years. It will cause most cities to rethink the effectiveness of its’ public transportation systems and growth of its’ urban areas. This trend was outline in a comprehensive survey entitled: Gas Prices: The Tipping Point Toward Better Development? ULI’s Nationwide Survey Explores Consumer Attitudes The Urban Land Institute had this to say on the topic: “Higher gas prices are causing Americans to alter their driving habits and to either use or consider using transit if the option is available, according to a consumer survey released today by the Urban Land Institute (ULI). The survey results reinforce the need to build and rebuild urban regions in ways that offer alternatives to car-dependent development, according to representatives of the Institute.” Particularly interesting in this survey was the conclusion that urban dwellers were far more likely to change their lifestyles to incorporate more environmentally conscious gas saving solutions. “Residents in suburban and rural areas were more likely than those in urban areas to purchase a more fuel-efficient car. They were far less likely than urban residents to increase bicycling and walking, or to look for a home closer to work, suggesting that their current living environment is not conducive to transportation alternatives.”
As an urbanite myself, I can’t tell you how thankful I am in walking a couple hundred yards to work. Everything from the grocery store, theaters, restaurants, and services are just around the corner. This is infrastructure. It is infrastructure that gives an urban community its’ price per square foot value. In Downtown San Diego, the CCDC has done a very good job with the development of specific neighborhood infrastructure. They did this even before we were on the verge of national gasoline crisis. For those of you already living Downtown, it means that your property value will continue be in high demand. For those of you not living in Downtown San Diego yet, what are you waiting for?
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San Diego Airport Landing
Posted at 11:47 AM on Jun. 24, 2008
As many of us sometimes do, I found myself surfing on Youtube and came across this interesting video. We do so much blogging on the state of the Downtown San Diego Real Estate market and statistics, so I thought this blog entry would be for pure fun. Everyone who lives in Downtown San Diego loves the fact that the airport is so close. Once you land, it is really only a $5.00 cab ride home. From most of the high-rise complexes, you can sometimes see four or five planes lining up approach. As the planes approach the runway, they come within 300ft. of the 5 Freeway. It is quite a site. For locals, it is well known that a seat on the LEFT side of the plane will give you a “birds eye” view of the skyline. It is always fun to spot your home as you are coming in to land. There is no greater feeling of arriving home to see the bay, palm trees, and the buildings of the city. Also, for those of us who study the skyline you can always tell the timeframe of the video or picture by looking at the construction levels of the buildings. In this video, there are still cranes at ARIA and Electra. Both of those are now complete and selling. Bayside, Saphire, Vantage Pointe, and Breeza are still in the beginning stages construction. While not complete yet, they are now permanent points of reference in the San Diego Skyline shot. Have fun with this one, and enjoy your next fight into Downtown!
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Canine Surf Competition
Posted at 11:43 AM on Jun. 24, 2008
This weekend is the 3rd Annual Loews Coronado Bay Resort Surf Dog Competition. Spend this weekend at the beach while helping raise money for a good cause. Saturday, June 28th See Spot surf during the Loews Dog Surfing Competition – the nation’s original surfing competition for man’s best friend. Last year, 47 surf dogs took to the waves and more than 1,000 spectators gathered to watch the dog surfing event unfold. The competition garnered national and international media attention, and more than $10,000 was raised for a great cause. This year’s event should be even better.
Schedule:
9:30 a.m. to 10:30 a.m. Optional surfing lessons by the Coronado Surfing Academy for less experienced canines
11 a.m. to 11:45 a.m. Heat One: Small Surf Dogs (40 pounds and under)
11:45 a.m. to 12:30 p.m. Heat Two: Large Surf Dogs (41 pounds and over)
12:30 p.m. to 1:30 p.m. Heat Three: Tandem Surfing for Surf Dogs & Owners
1:30 p.m. to 1:45 p.m. Furry fashion show with doggie couture by Lucky Dog Boutique
1:45 p.m. to 2 p.m. Awards ceremony
For more information check out the official website
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Italian Planner looks to San Diego for Smart Growth ideas
Posted at 11:41 AM on Jun. 22, 2008
I recently read an interesting article in the Union Tribune titled Italian planner marvels at San Diego’s smart-growth tenets. It was fascinating hearing a European’s point of view on San Diego’s city planning and development. It is very popular for American architects and planners to travel to Europe to study how the Old World built cities, but Claudia Trillo did the opposite. Trillo is a Fulbright scholar, city planner and assistant professor at the University of Naples and spent the last six months in San Diego to see how this Southern California city battles sprawl with smart-growth principles. Smart growth is an urban planning and transportation theory that San Diego has embraced, concentrating on growth in the center of a city to avoid urban sprawl; and advocates compact, transit-oriented, walk-able, bicycle-friendly land use, including neighborhood schools, streets that work for everyone; mixed-use development with a range of housing choices.
Trillo studied under a SDSU professor and Italian transplant that acquainted Trillo with San Diego when he gave lectures in Naples. In this article she compares San Diego to parts of Italy with some interesting correlations. Trillo stated that, “In the last few years, sprawl has been plaguing Europe, and San Diego has the reputation in worldwide planning circles for planning smart.” She was particularly interested with San Diego’s intertwining of local and regional interests and priorities through her research into local and state agencies that affect land-use decision stating that the, “level of democratic discussion is much higher… European land-use controls tend to employ more national, top-down policies and requirements, compared to the United States, where local control is paramount.” She plans to publish a book on “best practices” she noted in San Diego and to give a series of lectures this summer to colleagues at her university and for her clients so they can learn about Southern California land use. Check out this article to hear some of her opinions and suggestions for San Diego
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Progress in the neighborhood
Posted at 11:38 AM on Jun. 21, 2008
What was originally going to be a block with an additional 300-some condos to add to our market is now becoming a boutique hotel, Hotel Indigo and a luxury apartment High Rise, Strata. The cranes are up on both sites and concrete is being poured. Our skyline is improving yet again!

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Green Port Program
Posted at 11:36 AM on Jun. 20, 2008

The Port of San Diego was formed in 1962 to serve as a sort of steward for San Diego Bay. The Port of SD is in charge of managing the Bay’s valuable social, economic and environmental resources. If you live in San Diego, or have even briefly visited us here, you understand the importance of the Bay on our economy and quality of life. So thus enters the Green Port Program. Look, I get tired of all the slogans, footprint this or that, but it’s a reality we can’t deny, and we need to be proactive about cutting back on certain luxuries and integrating some (yes, I dare to say…) Green ways of living. Read on and see what The Port is doing to conserve and protect the San Diego Bay.
In 2007, the Board of Port Commissioners adopted the Environmental Sustainability Policy, “which provides guiding principles to achieve long-term environmental, societal and economic benefits through resource conservation, waste reduction and pollution prevention.” The Green Port Program has been developed in support of the goals of this policy.
In March 2008, the first set of initiatives under the new Green Port Program was presented to the Board of Port Commissioners. These initiatives are focused primarily on internal Port operations, and it is anticipated that they will be completed by December 2008:
Water
- Decrease water use in the Administration Building by 10 percent.
- Expand the use of non-toxic, biodegradable products.
Energy
- Incorporate alternative energy technology into the Broadway Pier development.
- Develop an energy efficiency partnership with SDG&E.
Air
- Begin implementation of the Clean Air Program.
- Define the carbon footprint of Port operations.
Waste Management
- Develop and implement four new programs that reduce waste streams.
Sustainable Development
- Develop and implement a Sustainable Development Program for Port facilities.
Sustainable Business Practices
- Educate Port staff about the Green Port Program and how they can contribute even more to improving the environment.
- Create a Green Port Program website to get the word out about how everyone can protect San Diego Bay’s environment.
- Adopt two Board Policies that expand the purchasing of green products.
Future Initiatives
The Green Port Program will grow every year as new projects are added and existing ones refined. The Port has established an annual review process to measure results and establish new priorities. This process will include input from a variety of departments within the Port and from Port stakeholders.
So, this is great…but what can I do?
There are several ways that the general public can conserve energy on Energy Alert Days. Here are some easy tips to follow:
- Dress in layers, to accomodate indoor temperature changes.
- Turn your lights off when you leave your office, even if only for a short meeting.
- Reduce lighting where possible and take advantage of natural daylight (if you have a window).
- Power off your computer and monitor if not in use.
- Power off any other electronics you are not currently using, such as fax machines, computer speakers, etc.
- Unplug any chargers that are not necessary.
- Do not run any personal heaters or fans.
Another Way to Help….
Did you know that California is in a state of official drought? San Diego County water supplies are being impacted by historic dry conditions and court-ordered pumping restrictions. We can all help the region conserve more water!
Try running your dishwasher only when it’s full, and you’ll save up to 4 gallons of water per load. Visit The 20 Gallon Challenge website for more information.
*all info from San Diego Port webpage…follow this link and get more info*
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Urban Living...The New American Dream?
Posted at 11:59 AM on Jun. 19, 2008
In this blog, we talk about the concept of “New Urbanism”: Creating sustainable and dense neighborhoods focused around mass transit and walk able distance to work, live, and play. In Downtown San Diego, the concept of New Urbanism is alive and well. The development and revitalization of Downtown San Diego starts and finishes with the CCDC (Centre City Development Corporation). This organization has insured the well balanced development of Downtown with a commitment to the infrastructure growth of distinct core neighborhoods( Marina, East Village, Gaslamp, Columbia, Cortez Hill, and Little Italy). This provides a San Diego “Urbanite” choice and diversity. I think this is one of the most interesting results of New Urbanism. Choice and diversity mean there is a little something for everyone. Urban Living in Downtown San Diego transcends age. Aging “baby-boomers” have just as much of a desire to downsize and be close to live, work, and play as a younger working professional.
CNN.com featured an article with an interesting twist on the results of “New Urbanism” on the suburban culture that has flourished since the end of World War II. The article entitled: Is America’s suburban dream collapsing into a nightmare? The author addresses the result of an oversupply of depreciating suburban housing and an increased demand for walk able urban space. Real Estate in urban centers can be as much as 40% to 200% higher than removed suburban neighborhoods. Buyers will pay more money for a smaller urban home if it has “LOCATION, LOCATION, LOCATION”. Estimates and residential studies indicate that by 2025 there could be a surplus of 22 million large-lot homes that will not be left vacant in a suburban wasteland, but instead become occupied by lower classes that have been driven out of their once affordable inner-city apartments and houses. Interesting how we see the “American Dream” changing right in front of our eyes.
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FHA Financing Just Got a Little Easier for Bank Owned property Buyers
Posted at 11:57 AM on Jun. 18, 2008

Many of you have called and written info@92101urbanliving.com with questions about the low 3% down FHA financing that is currently available.
In the past, FHA financing criteria have excluded bank owned properties for 90 days as well as certain communities that were not “FHA approved” from eligible for FHA financing.
FHA financing just got a little easier for bank owned property buyers.
For one year, the White House temporarily suspended the rule that imposed a 90-day waiting period before foreclosed homes can be sold to receive government loans.
FHA Commissioner Brian Montgomery said “A glut of foreclosed and abandoned homes harms neighborhoods, frustrates homebuyers and delays a community’s recovery.” He went on to say that the new policy “will allow homebuyers to purchase these homes in much greater numbers and ease the excess supply of unsold homes.”
Check out the full article by clicking on the link Property-flipping rule suspended.
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East Village's Cowboy Star
Posted at 11:56 AM on Jun. 17, 2008

Ah yes…another genius business now in the East Village…Cowboy Star. This will be the first restaurant in the East Village to be servin’-up a contemporary American-Western cuisine. The atmosphere is urban-sheik-cowboy, with exposed beam ceilings, cowboy accents and a kind of modern, contemporary saloon exterior. The 92101 team went to lunch there the other day. We walked past a couple of empty establishments to find that Cowboy Star was packed for a Tuesday lunch? I guess the word of great food travels fast. All of us were very happy to be sharing Sarsaparilla Sodas. It felt like a drinking lunch. Two of us got Bison burgers, one incredible Cowboy Star Burger with Cheese, and a Crab BLT. If it was that good for lunch, I was excited to try out the dinner. We did not get the 40 ounce steak for $82, although that would be fun to share with a group. We are steak house enthusiasts, and it lived up to every expectation and more! Flemings, Donovan’s, and Lou and Mickey’s have some serious competition. Here is a link to the website to check out everything from the menu to the concept. www.thecowboystar.com
I am so glad that the owners have embraced the fact that they are a local and neighborhood restaurant. Leave the big crowds to the Gaslamp, and give personal attention and fantastic food time consistently. By the way, don’t just take my word for it. Check out the Yelp profile to see what other locals are saying: www.yelp.com/biz/the-cowboy-star-san-diego
Oh, and they also have a butcher…awesome. Their full-service butcher shop offers a wide selection of meats…expanding the horizons of some of us city-dwellers, including Bison, 100 grass and corn fed, U.S.D.A. prime, 35-day aged, oh, and several organic options coming only from those farms that practice the highest integrity farming practices. Signature sauces and rubs will be sold as well. Summer BBQs anyone???
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North Embarcadero Visionary Plan
Posted at 3:36 PM on Jun. 16, 2008
A couple months back we did a blog on The North Embarcadero Visionary Plan (NVP). This project is so completely instrumental in shaping the face of San Diego, therefore, it is important to have a refresher blog with some updated information. If you are a current San Diego resident, or a potential one, you must check this out. This represents the evolution of Downtown San Diego and in turn values of your urban home.
A major point of this project is to “Green” San Diego’s Bay. The concrete and asphalt that dominate the SD Bay waterfront, under the NVP, will undergo close to $250 million in public improvements. From Lindbergh Field to Seaport Village (1.2 mile stretch) the waterfront will be transformed with shops, cafes, gardens, lawns, paths, palm trees, plaza, art, piers, and a bustling cruise ship terminal. The Port of San Diego, CCDC, and the City of San Diego created to a Joint Powers Agreement (JPA) that will provide for the development of a phasing and financing plan, and the completetion of the design and construction for the project. The Port and CCDC will share all costs, and are still identifying potential funding sources. So, check out this video for a comprehensive look at what the plans entails and a brief overview of key areas below the video.
The Point
A lighted sculpture and a wind-turbine sculpture
The Crescent
The pedestrian and bike path will be enhanced with a low curving wall and landscaping
Grape Street Pier and Piazza
Floating docks will be built and a series of staircases and ramps will lead to the water for observing sea life.
The Wharf
Paving along the wharf will have colorful night lighting
The Lawns
Green expanses will be established for recreation or ship viewing, as well a space for civic events.
Tavern on the Bay
Areas of shade will be created with seating a gardens
Market Square at B Street Pier
Sail-like structures will shade pedestrians and cruise ship passengers
Formal Groves
Lush plots of gardens with exotic plants, hedges and movable chairs
The Cove
A Memorial Walk will be created linking existing memorials between the Navy Pier and G Street in a park-like setting. A sycamore forest with paths lined with desert boulders and native plants will be created
Broadway: The Hall
Broadway, downtown San Diego’s main street, will be widened as it nears the water creating a plaza and festival area, as well as a public viewing platform and other improvements to the Broadway Pier.
All information from CCDC and Port of San Diego Websites as well as Union Tribune
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Little Italy's Mercato
Posted at 11:54 AM on Jun. 14, 2008

Beginning this month on the 7th, every Saturday morning, year-round from 9am to 1:30pm, Date Street from India to State will be closed to through traffic so organic fruit stands, seafood, cheese and olive oil purveyors, bread bakers and chefs can sell their goods to downtown resident’s and visitors. There will even be a dog walking service so you can leave your dog with Fetch Pet Care and concentrate on your shopping. Welcome to downtown!!!
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Beautifying Our Streets
Posted at 11:51 AM on Jun. 13, 2008
This week Little Italy becomes the inaugural site in a series of beautification plans for Downtown San Diego. 400 brightly colored planters and hanging baskets began to line India Street. The project is aimed to provide a softer urban feel by adding more color and life to the streetscape. “Great urban environments throughout the world feature plants, flowers, and other decorative foliage. It is a way to engage and beautify a city and to connect spaces while enhancing the pedestrian experience,” said CCDC president Nancy Graham. San Diego is no doubt a perfect place for these kinds of projects with the year-a-round gorgeous weather and pedestrian friendly atmosphere.
The greenery extends throughout India Street, Ash to Laurel, and sections of Kettner Boulevard, Ash, Beech, Cedar, Date and Fir streets. Flower selections were chosen to compliment the unique characteristics of the buildings and storefronts in the neighborhood. This project in Little Italy is to be the beginning of this Downtown beautification process.

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View Our Office
Posted at 12:48 AM on Jun. 12, 2008
View a brief tour of our office here at 92101 Urban Living, and hear what we’re all about. Keep checking back as we will be posting more videos on properties, downtown neighborhoods and more!
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Trolley Removes fare Zones
Posted at 11:50 AM on Jun. 11, 2008
 An article in today’s paper talks about an increase in trolley fares, along with bus fare as well. It will now cost $2.50 to go through Downtown as opposed to $1.50 however… the zone has been removed. So you just pay $2.50 as opposed to $1.50 then $3. Check out the article and hop on the trolley and come on down to Downtown!
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Bragging About my 'Hood
Posted at 11:50 AM on Jun. 11, 2008
 Have you seen the new Toyota commercials? Huh? Have you? They are awesome! Ya know why? Because they show Toyota’s driving around our awesome downtown neighborhood and it clearly shows my Loft!
The killer orange paneled building is called Fahrenheit, and it is awesome and that is where I live. Never leaving. Ever. It also shows another cool building called ICON. You should DVR this commercial, paste it on your desktop alongside all the other goals you have in life.
Being down here is like winning. Period. You’re done, it’s over. You live down here and you win. It’s that simple. Come down and experience it and see why we are in an area that commercials are using, tv shows are using (the CW’s Fashion House) and people are flocking to. You are always welcome:) New restaraunts, coffee shops, fitness center that is massive and like a daytime social club of who’s who in the neighborhood. Don’t miss the fun and excitement of downtown living!
-The mayor of the East Village
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Housing Crisis Over?
Posted at 12:51 AM on Jun. 11, 2008

The Title of the Wall Street Journal Article is “The Housing Crisis is Over”. Could this actually be? A well respected national publication is suggesting that there is actually something positive on the horizon for Home Sales in the United States. Well, things are not that easy. I am positive that this topic will continue to be debated for months to come. However, new statistics and historical data regarding National Supply Inventories, Local Market Conditions, and Construction Activity show that the right conditions for improvement are starting to become note worthy. A decline in Home values combined with competitive mortgage rates allows buyers who have normally been priced out of the market a chance to take advantage of diverse supply inventories. As these inventories decrease, and as construction activity slows, the result will be a shift of the market values and perspectives’.
We can see this trend in Downtown San Diego starting to develop. Construction Downtown is now limited to only three residential projects. As these and existing New Construction inventories start to be “picked over”, buyers must rely on the resale market to find the certain floor plans in specific price ranges. For a more detailed look at this trend, review our Blog on Downtown New Construction Inventories.
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Builders Looking to Infill
Posted at 12:53 AM on Jun. 10, 2008

So with the state of the market comes the downsizing of a lot of developers. Within this comes the fact that a lot of the developers that were here in the past aren’t going to come back when the market corrects again. Today’s paper has an article regarding this. It speaks of how urban infill will be the way of the future for development as there is really no more buildable land. Buildable in the idea of an Eastlake or Otay Ranch or Scripps Ranch.
Vertical living is the way of the future. With that in mind, one could view a purchase in downtown as a “first phase” purchase. So to speak. As there are numerous empty lots to develop you can view the construction that has been done as a first phase of downtown redevelopment. You can’t say the same thing about suburban development. Not that there won’t be suburban development ever again or that there won’t be any investment return on a suburban purchase. Not my point at all. Point is, and read the article, the future of development will be vertical infill.
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